Core Insights - Goliath Resources Limited has reported significant high-grade gold assay results from its 2025 drill program at the Surebet Discovery, indicating a strong potential for further resource expansion [5][6][8] - The drilling campaign aims to complete up to 60,000 meters with 9 rigs actively drilling, focusing on expanding the known mineralized zones and testing for a magmatic gold source [7][18] - The Surebet Discovery has demonstrated a 100% hit rate for substantial quartz-sulphide mineralization in drill holes, with 90% of the holes containing visible gold [6][18] Drilling Results - Drill hole GD-25-328 intersected 18.58 g/t Au over 5.00 meters, including 30.95 g/t Au over 3 meters, showcasing the high-grade nature of the mineralization [5][9] - Other notable drill results include GD-25-355 with 5.72 g/t Au over 12.20 meters and GD-25-345 with two mineralized intervals of 5.09 g/t Au over 9.00 meters and 4.22 g/t Au over 6.03 meters [10][12][14] - The overall drilling results indicate multiple occurrences of visible gold within substantial quartz veins, enhancing the discovery's potential [9][14] Geological Context - The Surebet Discovery features three distinct rock packages: quartz-sulphide breccias, Eocene-aged Reduced Intrusive Related Gold (RIRG) dykes, and calc-silicate altered breccia, all containing substantial visible gold [18][21] - The mineralization footprint extends over 1.8 km, larger than half the size of Central Park, and remains open in all directions, indicating significant untapped potential [8][27] - The geological setting is located in the Golden Triangle of British Columbia, an area known for hosting some of Canada's richest gold mines [20][26] Project Management and Future Plans - The company is on track to complete its drilling campaign within the planned timeline, with a focus on systematic drilling to expand the geometry of the Surebet Discovery [7][8] - The project management team has been praised for their efficiency and safety in executing the drilling program, with ongoing logging and sample shipping planned after drilling completion [8][21] - Goliath Resources anticipates a steady flow of assay results throughout the remainder of 2025 and into 2026, reflecting the ongoing exploration success [8][18]
Goliath Intersects 18.58 g/t Gold Over 5.00 Meters, Drilling Maintains 100% Hit Rate, 90% Of Holes Contain Visible Gold, Remains Wide Open, Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
Globenewswire·2025-09-08 10:08